GmmaTech

Ethereum price: an indication of a long-term bearish trend rever

KRAKEN:ETHUSD   Ethereum
What is Ethereum's price forecast? What's the probability of a long-term price reversal, and what developments should investors be aware of?

The spike in Ethereum's price occurred despite Baidu's anti-cryptocurrency measures. Baidu followed Tencent and Alibaba suit by censoring online speech related to cryptocurrencies and restricting access to crypto-focused forums and discussion boards. The company cited the laws, regulations, and policies as the main reasons for this censorship. Many popular cryptocurrency chatrooms, including the famous “Digital Currency Bar” and “Virtual Currency Bar" were blocked by Baidu.

Meanwhile, Coinbase is trying to evangelize cryptocurrency benefits and driving institutional crypto adoption across the globe. It is contributing towards an open financial system that can ensure equal opportunities, efficiencies, and economic freedom through cryptocurrency and blockchain. Significant strides taken by the crypto exchange platform have led to high user satisfaction. The introduction of Faster Payments which is reducing FX costs and increasing the speed of transaction processing is hugely popular among its users.

www.finstead.com/bit...ion-september-3-2018

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